Carbono La Puya y San Lorenzo

Audit Analysis

A Colombian forestry project (Tectona grandis plantations) under the CerCarbono standard with a verified investment-test additionality and a 15% buffer pool, but significant gaps in safeguards (no FPIC, no grievance mechanism, safeguards not documented), a project-specific baseline, and a 0% leakage deduction justified only as 'deemed negligible.' Multiple material findings and corrective actions during verification, including planting-year inconsistencies and a draft-quality project document, reduce confidence in the underlying data.

Project Description

Red Flags

• ⚠FPIC was not conducted and no grievance mechanism is in place, despite the project involving land-use change in Colombia where indigenous and local community rights are a material concern.
• ⚠Safeguards are not documented in the final verification report (the later-dated entry prevails over an earlier 'true' entry), leaving no evidence of social or environmental safeguard compliance.
• ⚠Leakage deduction is 0% with only a 'deemed negligible' justification, which is thin for a forestry project where displaced demand or land-use change in adjacent areas is a realistic risk.
• ⚠Reversal events are recorded as 'not addressed' in the final verification report, meaning the 15% buffer pool is the sole permanence safeguard and no explicit reversal-risk analysis is documented.
• ⚠The project document (DoP) was submitted as a draft with editing errors, missing satellite imagery, and missing ICA plantation registration records, indicating weak initial documentation quality.

Credit Vintages